Spring Valley, IL


Highest Appreciating Spring Valley Neighborhoods Since 2000

Spring Valley, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Spring Valley Housing Market Information

With a population of 5,314, 2,357 total housing units (homes and apartments), and a median house value of $107,375, house prices in Spring Valley are solidly below the national average.

Single-family detached homes are the single most common housing type in Spring Valley, accounting for 79.90% of the city's housing units. Other types of housing that are prevalent in Spring Valley include large apartment complexes or high rise apartments ( 13.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring Valley. Owner-occupied housing accounts for 68.50% of Spring Valley's homes, and 55.27% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Spring Valley's housing was primarily built during this period, from the '40s through the '60s. A full 33.53% of the city's housing hails from this era. Other housing ages represented in Spring Valley include homes built between 1970-1999 ( 30.87%) and housing constructed before 1939 ( 28.38%). There's also some housing in Spring Valley built between 2000 and later ( 7.22%).

Spring Valley Home Appreciation Rates

Real estate appreciation rates in Spring Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Over the last year, Spring Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Spring Valley's appreciation rate has been -1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring Valley were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Spring Valley's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

Average Home Values


Median Home Value:

Spring Valley, IL HOME PRICES

Value Range
> $1,016,000 0.5
$762,001 - $1,016,000 0.0
$508,001 - $762,000 0.6
$406,001 - $508,000 0.5
$305,001 - $406,000 3.1
$203,001 - $305,000 8.5
$102,001 - $203,000 42.0
$51,001 - $102,000 37.9
$0 - $51,000 7.0

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
72.8934724012657 65.6962025316456

Number Of Homes And Apartments:

Spring Valley Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.66% 0.85% 3 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$877 / per month

Homeownership Rate

Owners 68.50
Renters 31.50
Vacant 8.00

Housing Market Details


Age of Homes

AGE OF Spring Valley HOMES
2000 or Newer 7.2
1970 - 1999 30.9
1940 - 1969 33.5
1939 or Older 28.4

Types of Homes

TYPE OF Spring Valley HOMES
Single-Family 79.9
Townhomes 0.2
Small Apt. Buildings 6.0
Apt. Complexes 13.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spring Valley HOMES
No Bedroom 2.73
1 Bedroom 12.41
2 Bedrooms 27.09
3 Bedrooms 38.76
4 Bedrooms 16.51
5 or more bedrooms 2.50

Popular Neighborhoods in Spring Valley

Zip Codes in Spring Valley, IL